Chinese New Year this Saturday, traditionally one of the best periods for gold sales.
In China, they're currently paying US $120 premium on top of the spot price on the ounce!..and that's not including the dealers cut, & big cities like Shanghai are charging up to US $200 premium on the ounce!
That's the supply and demand factor going in overdrive, and big premiums have been the norm in China in recent years.
The current price of gold is $750 Aussie dollars more than the $2,400 Antipa used in Minyari Dome scoping study, so an added $750 million of value that AZY can use in near future feasibility studies.
AZY General Discussion, page-40
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